Common use of Valuation of Performance Units Clause in Contracts

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2006 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 2006.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

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Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2006 2003 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20062003.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2006 2001 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20062001.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2006 2007 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20062007.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2006 2004 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20062004.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the “Initial Grant Value”). The Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) shall value each Performance Unit at the end of 2006 2005 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the “Payment Value”). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s Annual Incentive Award Plan for 20062005.

Appears in 1 contract

Samples: Performance Unit Agreement (Reynolds American Inc)

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Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2006 2004 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20062004.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2006 2002 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20062002.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

Valuation of Performance Units. Each Performance Unit shall have an initial value of $1,000 (the "Initial Grant Value"). The Compensation Committee of the Company’s 's Board of Directors (the "Compensation Committee") shall value each Performance Unit at the end of 2006 2000 using the performance measures set forth in the grid attached as Exhibit A, but the Compensation Committee shall have the discretion to reduce the resulting valuation (the "Payment Value"). The Grantee agrees that the Performance Units granted hereunder are in lieu of an award under the Company’s 's Annual Incentive Award Plan for 20062000.

Appears in 1 contract

Samples: Performance Unit Agreement (Rj Reynolds Tobacco Holdings Inc)

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